ER-BOUW: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ER-BOUW
Largest movements
- Receivables within one year -€403,415
down €403,415 (-45.7%), from €881,975 to €478,560
of which Trade receivables: -€237,757
- Stocks and contracts +€390,000
up €390,000 (+181%), from €215,543 to €605,543
- Cash -€99,026
down €99,026 (-73.6%), from €134,488 to €35,462
mainly Stocks and contracts (-€390,000) and Trade debts (-€368,025)
- Tangible fixed assets -€25,015
down €25,015 (-26.8%), from €93,431 to €68,416
of which Furniture and vehicles: -€23,979
- Trade debts -€368,025
down €368,025 (-63.8%), from €577,030 to €209,005
- Debts after one year +€258,212
up €258,212 (+145%), from €178,218 to €436,430
- Tax, wage and social debts -€65,324
down €65,324 (-54.7%), from €119,476 to €54,152
of which Taxes: -€72,743
- Other debts +€17,650
new in 2024: €17,650
- Gross operating margin +€127,989
up €127,989 (+48.0%), from €266,728 to €394,717
- Other operating charges +€114,962
up €114,962 (+1,198%), from €9,594 to €124,556
- Staff costs +€37,930
up €37,930 (+30.4%), from €124,924 to €162,853
- Financial charges +€14,181
up €14,181 (+115%), from €12,312 to €26,493
- Depreciation +€10,749
up €10,749 (+56.2%), from €19,136 to €29,885
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,329,311 | €1,193,612 | -€135,699 | -10.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €93,431 | €68,989 | -€24,442 | -26.2% |
| Intangible fixed assets | 21 | - | €573 | +€573 | |
| Tangible fixed assets | 22/27 | €93,431 | €68,416 | -€25,015 | -26.8% |
| Land and buildings | 22 | - | €1,965 | +€1,965 | |
| Plant, machinery and equipment | 23 | €11,334 | €8,333 | -€3,001 | -26.5% |
| Furniture and vehicles | 24 | €82,097 | €58,118 | -€23,979 | -29.2% |
| Current assets | 29/58 | €1,235,880 | €1,124,623 | -€111,257 | -9.0% |
| Stocks and contracts in progress | 3 | €215,543 | €605,543 | +€390,000 | +181% |
| Stocks | 30/36 | €215,543 | €605,543 | +€390,000 | +181% |
| Amounts receivable within one year | 40/41 | €881,975 | €478,560 | -€403,415 | -45.7% |
| Trade receivables | 40 | €609,023 | €371,266 | -€237,757 | -39.0% |
| Other amounts receivable | 41 | €272,952 | €107,294 | -€165,658 | -60.7% |
| Cash at bank and in hand | 54/58 | €134,488 | €35,462 | -€99,026 | -73.6% |
| Deferred charges and accrued income | 490/1 | €3,874 | €5,058 | +€1,184 | +30.6% |
| Total equity and liabilities | 10/49 | €1,329,311 | €1,193,612 | -€135,699 | -10.2% |
| Equity | 10/15 | €434,305 | €446,018 | +€11,712 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €304,306 | €316,018 | +€11,712 | +3.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €302,446 | €314,158 | +€11,712 | +3.9% |
| Profit (loss) carried forward | 14 | €123,800 | €123,800 | = | 0.0% |
| Amounts payable | 17/49 | €895,006 | €747,595 | -€147,411 | -16.5% |
| Amounts payable after more than one year | 17 | €178,218 | €436,430 | +€258,212 | +145% |
| Financial debts | 170/4 | €178,218 | €436,430 | +€258,212 | +145% |
| Amounts payable within one year | 42/48 | €716,787 | €311,165 | -€405,623 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €20,281 | €30,358 | +€10,076 | +49.7% |
| Trade debts | 44 | €577,030 | €209,005 | -€368,025 | -63.8% |
| Suppliers | 440/4 | €577,030 | €209,005 | -€368,025 | -63.8% |
| Taxes, remuneration and social security | 45 | €119,476 | €54,152 | -€65,324 | -54.7% |
| Taxes | 450/3 | €119,430 | €46,687 | -€72,743 | -60.9% |
| Remuneration and social security | 454/9 | €46 | €7,465 | +€7,420 | +16,304% |
| Other amounts payable | 47/48 | - | €17,650 | +€17,650 | |
| Non-recurring operating income | 76A | €13,000 | - | -€13,000 | |
| Remuneration, social security and pensions | 62 | €124,924 | €162,853 | +€37,930 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,136 | €29,885 | +€10,749 | +56.2% |
| Other operating charges | 640/8 | €9,594 | €124,556 | +€114,962 | +1,198% |
| Gross operating margin | 9900 | €266,728 | €394,717 | +€127,989 | +48.0% |
| Operating profit (loss) | 9901 | €113,075 | €77,423 | -€35,652 | -31.5% |
| Financial income | 75/76B | €536 | €1,640 | +€1,104 | +206% |
| Recurring financial income | 75 | €536 | €1,640 | +€1,104 | +206% |
| Financial charges | 65/66B | €12,312 | €26,493 | +€14,181 | +115% |
| Recurring financial charges | 65 | €12,312 | €26,493 | +€14,181 | +115% |
| Profit (loss) for the period before taxes | 9903 | €101,300 | €52,571 | -€48,728 | -48.1% |
| Income taxes | 67/77 | €50,609 | €40,859 | -€9,750 | -19.3% |
| Profit (loss) for the period | 9904 | €50,691 | €11,712 | -€38,978 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,691 | €11,712 | -€38,978 | -76.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.